The Bitcoin Big Bang
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Kelly Brian. The Bitcoin Big Bang
Preface
Acknowledgments
About the Author
Chapter 1. Bitcoin Is a Bubble
The Quest to Buy Bitcoin
Bitcoin Enlightenment
Currencies Are a Matter of Trust
What Is Bitcoin?
Is It a Currency?
It's Revolutionary
Chapter 2. Understanding the Digital Gold Rush
The Language of Bitcoin
How Do I Buy Bitcoin?
Who “Gets” It?
The Gold Rush Is Just Starting
Chapter 3. Bitcoin Is More than Digital Gold
Searching for Satoshi
The Search
Why Is Satoshi a Genius?
Bigger than Satoshi
Chapter 4. Byzantine Generals' Problem
How Does Bitcoin Solve the BGP?
51 Percent Attack
An Elegant Solution
Chapter 5. A Decentralized Financial System
Grand De-Central Station
What's at Stake?
Central Banks
Bitcoin Is the Catalyst
Chapter 6. What Do You Call a Bitcoin Miner? A Banker
How Does a Bitcoin Transaction Work?
What Is Cryptography?
Still Want to Be a Miner?
Do We Need Another Bitcoin?
Chapter 7. Nautiluscoin – 0 to $1 Million in 60 Days
Creating the Coin
Did It Work?
Chapter 8. Building the Nautiluscoin Economy
Dynamic Proof-of-Stake
Other Policy Tools
Alternative to Gold
Money, Made Better
Financial Market Integration
Special Drawing Rights
Why NAUT?
Chapter 9. Investing and Trading in Alternative Currencies
A New Investment Class
Valuation
Exchanges
Investment Vehicles
Asset Class Growth
Chapter 10. Regulation
Regulatory Agencies
Challenges to Regulation
Pushing on a String
Chapter 11. Smart Money: Set It and Forget It
Rules of the Road
Smart Contracts and Property
Ethereum
Cryptoequities: A New Type of Investment
Decentralized Autonomous Organizations
Professor Money
Chapter 12. Everything You Know about Business Is Wrong
Cryptonomics
Growth Share Matrix
Learning Curve Effects
Porter's Three Generic Strategies
Human Resource Management
Fueling the Sharing Economy
The Future Just Might Work
Appendix 1. Department of the Treasury Financial Crimes Enforcement Network Guidance
Currency vs. Virtual Currency
Background
Definitions of User, Exchanger, and Administrator
Users of Virtual Currency
Administrators and Exchangers of Virtual Currency
Providers and Sellers of Prepaid Access
Dealers in Foreign Exchange
Appendix 2. New York State Department of Financial Services Proposed New York Codes, Rules and Regulations
Section 200.1 Introduction
Section 200.2 Definitions
Section 200.3 License
Section 200.4 Application
Section 200.5 Application Fees
Section 200.6 Action by Superintendent
Section 200.7 Compliance
Section 200.8 Capital Requirements
Section 200.9 Custody and Protection of Customer Assets
Section 200.10 Material Change to Business
Section 200.11 Change of Control; Mergers and Acquisitions
Section 200.12 Books and Records
Section 200.13 Examinations
Section 200.14 Reports and Financial Disclosures
Section 200.15 Anti–money Laundering Program
Section 200.16 Cyber Security Program
Section 200.17 Business Continuity and Disaster Recovery
Section 200.18 Advertising and Marketing
Section 200.19 Consumer Protection
Section 200.2 °Complaints
Section 200.21 Transitional Period
Index
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Every so often I find myself with the insatiable desire to jump off a cliff and think about the consequences later. Some may call it curiosity, while others think I am just plain crazy. I typically relish the skepticism, as I have found that the best opportunities arise when everyone else thinks I am a little nuts. The Bitcoin Big Bang was one of these times – actually, truth be told, this time I was the one who was skeptical. Despite my fear, uncertainty, and doubt, I jumped anyway.
When I began writing The Bitcoin Big Bang, it was for selfish reasons: I had bought Bitcoin near the peak and now was in a losing trade and needed to know everything about this “investment.” I figured I could turn my research into a book and learn a few things in the process. I did not know that I had stumbled on one of the most fascinating and promising technological advances since the Internet. When I first heard of Bitcoin, it was through the currency markets, and that is where my journey to Bitcoin Enlightenment began.
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1. What is Bitcoin, and why is it revolutionary?
2. How does it work?
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